XRP open interest dropped 23% in under a month, falling from approximately $1.13 billion in late August to $871 million, wiping out nearly $257 million in outstanding positions. Binance, Bybit, and OKX accounted for the bulk of this decline, with drops of $135 million, $88 million, and $18 million respectively. XRP also lost 8% in 24 hours after the U.S. Senate failed to advance the CLARITY Act on September 15, falling from around $1.46 to $1.27. The token now trades around $1.30, down nearly 7% over seven days, though it remains up more than 30% over one month. Analysts are monitoring a weekly support level at $1.29, with the $1.24-$1.26 zone in focus and potential extension toward $1.14-$1.10 or $1.00 if support breaks.
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